SUMUM: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
SUMUM
Largest movements
- Stocks and contracts +€165,484
up €165,484 (+49.9%), from €331,808 to €497,292
- Receivables within one year +€34,058
up €34,058 (+16.5%), from €206,511 to €240,570
of which Trade receivables: +€24,697
- Cash -€21,072
down €21,072 (-42.7%), from €49,406 to €28,334
mainly Stocks and contracts (-€165,484) and Receivables within one year (-€34,058)
- Intangible fixed assets -€13,320
down €13,320 (-71.1%), from €18,745 to €5,425
- Tangible fixed assets +€10,363
up €10,363 (+89.9%), from €11,527 to €21,890
of which Furniture and vehicles: +€13,100
- Other debts +€92,260
up €92,260 (+35.4%), from €260,821 to €353,081
- Reserves +€54,748
up €54,748 (+33.2%), from €165,051 to €219,799
- Trade debts +€43,062
up €43,062 (+120.4%), from €35,773 to €78,835
- Tax, wage and social debts -€9,501
down €9,501 (-33.9%), from €28,019 to €18,518
of which Taxes: -€20,038
- Staff costs +€79,893
up €79,893 (+105.2%), from €75,947 to €155,840
- Gross operating margin -€15,860
down €15,860 (-6.1%), from €259,437 to €243,577
- Taxes -€11,069
down €11,069 (-95.8%), from €11,560 to €491
- Depreciation -€4,523
down €4,523 (-20.5%), from €22,103 to €17,580
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €617,998 | €794,211 | +€176,214 | +28.5% |
| Fixed assets | 21/28 | €30,272 | €27,316 | -€2,957 | -9.8% |
| Intangible fixed assets | 21 | €18,745 | €5,425 | -€13,320 | -71.1% |
| Tangible fixed assets | 22/27 | €11,527 | €21,890 | +€10,363 | +89.9% |
| Land and buildings | 22 | €4,373 | €4,166 | -€207 | -4.7% |
| Plant, machinery and equipment | 23 | €7,154 | €4,624 | -€2,529 | -35.4% |
| Furniture and vehicles | 24 | - | €13,100 | +€13,100 | |
| Current assets | 29/58 | €587,725 | €766,896 | +€179,170 | +30.5% |
| Stocks and contracts in progress | 3 | €331,808 | €497,292 | +€165,484 | +49.9% |
| Stocks | 30/36 | €331,808 | €497,292 | +€165,484 | +49.9% |
| Amounts receivable within one year | 40/41 | €206,511 | €240,570 | +€34,058 | +16.5% |
| Trade receivables | 40 | €203,987 | €228,685 | +€24,697 | +12.1% |
| Other amounts receivable | 41 | €2,524 | €11,885 | +€9,361 | +370.8% |
| Cash at bank and in hand | 54/58 | €49,406 | €28,334 | -€21,072 | -42.7% |
| Deferred charges and accrued income | 490/1 | - | €700 | +€700 | |
| Total equity and liabilities | 10/49 | €617,998 | €794,211 | +€176,214 | +28.5% |
| Equity | 10/15 | €178,199 | €232,947 | +€54,748 | +30.7% |
| Contributions | 10/11 | €13,148 | €13,148 | = | 0.0% |
| Reserves | 13 | €165,051 | €219,799 | +€54,748 | +33.2% |
| Distributable reserves | 133 | €165,051 | €219,799 | +€54,748 | +33.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €439,799 | €561,264 | +€121,466 | +27.6% |
| Amounts payable after more than one year | 17 | €100,000 | €100,000 | = | 0.0% |
| Financial debts | 170/4 | €100,000 | €100,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €328,136 | €450,542 | +€122,405 | +37.3% |
| Financial debts | 43 | €3,524 | €108 | -€3,415 | -96.9% |
| Credit institutions | 430/8 | €3,524 | €108 | -€3,415 | -96.9% |
| Trade debts | 44 | €35,773 | €78,835 | +€43,062 | +120.4% |
| Suppliers | 440/4 | €35,773 | €78,835 | +€43,062 | +120.4% |
| Taxes, remuneration and social security | 45 | €28,019 | €18,518 | -€9,501 | -33.9% |
| Taxes | 450/3 | €20,038 | €0 | -€20,038 | -100.0% |
| Remuneration and social security | 454/9 | €7,981 | €18,518 | +€10,537 | +132.0% |
| Other amounts payable | 47/48 | €260,821 | €353,081 | +€92,260 | +35.4% |
| Accrued charges and deferred income | 492/3 | €11,663 | €10,723 | -€940 | -8.1% |
| Remuneration, social security and pensions | 62 | €75,947 | €155,840 | +€79,893 | +105.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,103 | €17,580 | -€4,523 | -20.5% |
| Other operating charges | 640/8 | €528 | €803 | +€275 | +52.0% |
| Gross operating margin | 9900 | €259,437 | €243,577 | -€15,860 | -6.1% |
| Operating profit (loss) | 9901 | €160,860 | €69,354 | -€91,505 | -56.9% |
| Financial income | 75/76B | €293 | €18 | -€275 | -93.8% |
| Recurring financial income | 75 | €293 | €18 | -€275 | -93.8% |
| Financial charges | 65/66B | €11,788 | €14,134 | +€2,346 | +19.9% |
| Recurring financial charges | 65 | €11,788 | €14,134 | +€2,346 | +19.9% |
| Profit (loss) for the period before taxes | 9903 | €149,365 | €55,239 | -€94,126 | -63.0% |
| Income taxes | 67/77 | €11,560 | €491 | -€11,069 | -95.8% |
| Profit (loss) for the period | 9904 | €137,805 | €54,748 | -€83,057 | -60.3% |
| Profit (loss) for the period to be appropriated | 9905 | €137,805 | €54,748 | -€83,057 | -60.3% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.